Bitcoin mining is largely eco-friendly says report
A report by CoinShares is providing new insight into the state of the bitcoin mining industry. Among one of the most interesting findings in the paper is that the global bitcoin mining sector is largely environmentally friendly due to the widespread use of renewable energy.
Enel ‘no power for crypto’ decision returns focus to proof-of-work’s energy footprint
At the start of the year, Italy's largest utility company Enel SpA was in talks with Swiss cryptocurrency mining startup Envion to sell power from wind, solar and other renewable energy sources to the crypto miner. However,the initiative backfired on Envion as Enel eventually announced it had "no interest" in selling energy for crypto production - reigniting the debate around proof-of-work's significant energy use.